Nonprofit · EIN 76-0694434
HERZSTEIN INVESTMENTS INC
Tax-exempt · HOUSTON, TX 77055
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,572,910 | $8,572,910 | $0 | $71,811,273 | $6,186,446 | $65,624,827 |
| December 31, 2023 | 990 | $4,254,159 | $4,254,159 | $0 | $73,675,396 | $2,050,569 | $71,624,827 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $5,137,537
- Net rental income
- $3,435,373
- Net gain from sales of assets
- $4,990,000
- Other revenue
- $3,435,373
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $459,894
- Other salaries and wages
- $210,687
- Salaries, compensation and benefits (total)
- $836,837
- Professional fundraising fees
- $0
- Accounting fees
- $8,770
- Depreciation
- $309,957
Balance sheet and other
- Total assets, start of year
- $73,675,396
- Total assets, end of year
- $71,811,273
- Total liabilities, end of year
- $6,186,446
- Net assets, end of year
- $65,624,827
- Land, buildings and equipment
- $31,227,286
- Gross receipts
- $20,565,408
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD PENNINGTON | GENERAL MANAGER Key employee | 50 | $300,000 | $0 | $45,000 |
| JUSTINA RENEE MASARYK | PRESIDENT Trustee or director, Officer | 12 | $75,125 | $151,958 | $32,563 |
| MARISSA CUTAIA | CONTROLLER Highest-paid employee | 12 | $49,650 | $115,850 | $24,826 |
| LUDEK KOLECKAR | REAL ESTATE SUPERINTENDENT Highest-paid employee | 40 | $116,025 | $0 | $17,404 |
| GEORGE W STRAKE III | SECRETARY/TREASURER Trustee or director, Officer | 1 | $10,000 | $20,000 | $0 |
| CRAIG LOEWENSTERN | CHAIRMAN Trustee or director, Officer | 1 | $10,000 | $20,000 | $0 |
| BRYAN MILLER | VICE PRESIDENT Trustee or director, Officer | 1 | $10,000 | $20,000 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| L MICHAEL HAJTMAN | PRESIDENT (1/1/23 - 8/4/23) Trustee or director, Officer | 17.5 | $149,992 | $132,300 | $41,344 |
| RICHARD PENNINGTON | GENERAL MANAGER Highest-paid employee | 50 | $268,333 | $0 | $40,250 |
| JUSTINA RENEE MASARYK | PRESIDENT (8/23/23 - 12/31/23) Trustee or director, Officer | 5 | $56,917 | $123,083 | $26,376 |
| LUDEK KOLECKAR | REAL ESTATE SUPERINTENDENT Highest-paid employee | 40 | $110,083 | $0 | $16,513 |
| RICHARD LOEWENSTERN | DIRECTOR (1/1/23 - 8/23/23) Trustee or director | 1 | $5,833 | $22,917 | $0 |
| GEORGE W STRAKE III | SECRETARY/TREASURER (8/23/23 - 12/31/23) Trustee or director, Officer | 1 | $4,167 | $20,000 | $0 |
| CRAIG LOEWENSTERN | CHAIRMAN (8/23/23 - 12/31/23) Trustee or director, Officer | 1 | $4,167 | $20,000 | $0 |
| BRYAN MILLER | VICE PRESIDENT (8/23/23 - 12/31/23) Trustee or director, Officer | 1 | $4,167 | $20,000 | $0 |
Address and contacts
- Address (IRS master file)
- 6131 WESTVIEW DR, HOUSTON, TX 77055-5421
- In care of
- % L MICHAEL HAJTMAN
- Principal officer (990 for 2024)
- JUSTINA RENEE MASARYK, 6131 WESTVIEW, HOUSTON, TX 77055
- Signed the 990
- JUSTINA RENEE MASARYK, PRESIDENT
- Phone
- (713) 681-7868
- Website
- HERZSTEININVESTMENTS.COM
- Return prepared by
- LAPORTE APAC
Mission
THE CORPORATION HOLDS TITLE TO REAL PROPERTY, COLLECTS INCOME THERE FROM AND TURNS OVER ALL SUCH INCOME (LESS EXPENSES) TO AN AFFILIATED 501(C)(3) ORGANIZATION.
Program accomplishments
- N/A
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0694434
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $71,811,273
- Income (IRS master file)
- $20,565,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,572,910 | $8,572,910 | $71,811,273 | IRS |
| 990 | December 2023 | $4,254,159 | $4,254,159 | $73,675,396 | XML |
| 990 | December 2022 | $3,562,990 | $3,562,990 | $73,235,376 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 76-0694434).
Questions about HERZSTEIN INVESTMENTS INC
- What is the EIN of HERZSTEIN INVESTMENTS INC?
- The employer identification number (EIN) of HERZSTEIN INVESTMENTS INC is 76-0694434.
- Is HERZSTEIN INVESTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2002.
- Are donations to HERZSTEIN INVESTMENTS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HERZSTEIN INVESTMENTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HERZSTEIN INVESTMENTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HERZSTEIN INVESTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HERZSTEIN INVESTMENTS INC?
- The 990 for the year ended December 31, 2024 names JUSTINA RENEE MASARYK.
- Who are the officers and directors of HERZSTEIN INVESTMENTS INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $300,000 (RICHARD PENNINGTON, GENERAL MANAGER).
- How much revenue does HERZSTEIN INVESTMENTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,572,910, expenses of $8,572,910 and total assets of $71,811,273 at year end.
Other nonprofits in HOUSTON
- MANNED SPACE FLIGHT EDUCATION FOUNDATION INCORPORATED EIN 76-0217152 · last filed 990 for 2024
- LLOYDS REGISTER NORTH AMERICA INC EIN 76-0647353 · last filed 990 for 2025
- GULF COAST COMMUNITY SERVICES ASSN INC EIN 74-6067937 · last filed 990 for 2025
- AMERICAN PRODUCTIVITY & QUALITY CENTER INC EIN 74-2094629 · last filed 990 for 2024
- ASSOCIATION FOR MATERIALS PROTECTION AND PERFORMANCES INC EIN 45-3527806 · last filed 990 for 2024
- OLD SPANISH TRAIL-ALMEDA CORRIDORS REDEVELOPMENT AUTHORITY EIN 76-0586364 · last filed 990 for 2025
- JUNIOR LEAGUE OF HOUSTON INC EIN 74-1185659 · last filed 990 for 2025
- WILLIAM A LAWSON INSTITUTE FOR PEACE & PROSPERITY EIN 76-0496051 · last filed 990 for 2025
All nonprofits in HOUSTON · Texas · Community improvement and capacity building